Published on: April 14, 2022
Further upgrade to FY22 revenue guidance
finnCap Group PLC has provided an impressive full-year (to 31 March 2022 year-end) revenue update, ahead of its July results announcement. Total revenue (unaudited) was £52.4m, 12% up on FY21, driven by a doubling of revenue in finnCap Cavendish to £24.1m. This is £1.4m above our previous forecast (£51m) and comfortably above management’s (pre-March update) £45-50m guidance. The company has guided to adjusted pre-tax profit remaining in line with market expectations.